Fewer than 2% of homes changed hands in 2023, marking 10-year low
Thanks to low inventory and high mortgage rates, just 14 homes out of 1,000 changed hands in the first 6 months of 2023, the lowest rate in a decade, according to data released Tuesday by Redfin
by Ben Verde Jul 18
US rent hits just shy of all-time record high: Report
Despite having cooled for more than a year, the median asking rent in the US remained just $24 below its all-time high as of June 2023, Redfin reported
by Lillian Dickerson Jul 12
Massive metro-to-metro home price gaps reach 13-year highs
Early-pandemic migration trends are still impacting market growth, with pandemic boomtowns' home price growth still outpacing historically expensive coastal markets
by Marian McPherson May 23
Spring market falls short, but low inventory is driving up competition
New listings were down 19% during the 4-week period ending May 7, while pending home sales were down 16%, according to a new report from Redfin
by Ben Verde May 12
Half of homes on market are selling within 2 weeks, marking 1-year high
While homeowners are staying put out of reluctance to lock in higher mortgage rates, the few homes on the market are drawing competition, according to a report released Friday by Redfin
by Ben Verde Apr 28
Home sales are cooling — but the competition is red hot. What gives?
New listings plunged 21.8% from a year ago, marking one of the most significant annual drops since the beginning of the pandemic, according to a new analysis of housing inventory by Redfin
by Ben Verde Apr 7
'My phone is ringing': Homebuyer demand soars to 9-month high
Mortgage applications increased 2% from a week earlier, marking the 4th week of increases while purchase applications rose 19% from a month earlier, according to data released Friday by Redfin
by Ben Verde Mar 31
Home sale prices post annual drop for the first time in a decade
The median US home sale price declined marginally between February 2022 and 2023, clocking in at $350,426, according to new data released Thursday
by Ben Verde Mar 3
Real estate agents of TikTok say a big market shift is afoot
All across the country, real estate agents are posting positive signs of change from the trenches and revealing they're suddenly dealing with packed open houses and intensifying bidding wars
by Jim Dalrymple II Feb 1
The 2023 housing market: A real estate 'reckoning is at hand'
Economists and other housing experts predict the market will be more balanced among buyers and sellers. Home prices won't change much while mortgage interest rates will continue to dip
by Andrea V. Brambila Dec 28
Supply of homes tally record uptick as property lingers on the market
The number of homes on the market increased 15% year over year during the 4 weeks ending Dec. 4, while new listings declined by 20%, according to new data released Thursday by Redfin
by Ben Verde Dec 9
Home sale prices post smallest increase since July 2020
Home sale prices increased by 3.2% year over year, a drop of 8.4% from their all-time high recorded in June, according to a new report by the online brokerage Redfin
by Ben Verde Nov 11
'Great Reshuffling' could impact elections in Arizona, Nevada: Redfin
Redfin data shows that Arizona and Nevada were the second and third most popular states respectively for people moving away from California in 2020
by Ben Verde Nov 3
Amid COVID, Americans relocated to battleground states in droves
As midterm elections approach, Redfin crunched housing data and found that enough Americans relocated to key counties in red and purple states in 2021 to potentially shift political leanings
by Ben Verde Oct 31
Prices and rates are sky high! But what if my client NEEDS to move?
Despite mortgage rates near 7% and generationally high inflation, thousands of people still need to move in the next year and need help in navigating homebuying in the pricy market
by Ben Verde Oct 27